Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-05-15
NO SETTLEMENT YET
WHAT rs MoRE: VERY LITTLE PROS
PEcr OF ANY AT THIS SESSION.
Proceedings Of the Legislative Committee
and Debt Debate in the
eenate.


nnaI proposition. They were, however,
disappointed. The commissioners had not
received from London the instructions
asked. and could, therefore, make no
further move.
Some Of the committeeman were in favor
Of closing the negotiations then and there,
hut after A lengthy discussion this view was
rejected. IL was shown that there had
been no lack OF diligence on the part OF
kessrs. Thornton ard Braithwaite, and
that after their dispatch reached London 1t
Was necessary for MIR. Bouverie to consult
his committee before any response could be
made.
THEY GIVE PEW HOURS.
resolution was finally adopted that the
legislative committee adjourn until L. NJ.
and that Nessrs. Thornton and Braith waite
be notified that the rapidly-cloSing hours OF
-. ccnpIaf as>vnOty deIus~ i~.i that the
negotiations he terminated; that relNit
from our committee was lmpatiently await
ed, and asking that they speak oat at
enco.
This action was taken by vote Of 10
2; the two who voted mo" being Gene
ral Wickham and Nr. James Barbour. The
former took that position because he
thorebt that hopeful prospect might be
maried by this summary step; Mr.. Bar
LONI btfANSt itt -. iltNNNl tutN tAtAt Mi- hN
prospect at all OF an agreement and for
The further reason that be considered it
imperative that the legislative committee
should at once report to the two houses.
The resolution Of the committee was
communicated 20 the representatives OF the
Council OF Foreign BondholderS, and in
the course Of an hour q reply was received
which left no nope that at . O'Clock the
conn iSSiOners would be able TO proceed
with negotiations.
AT2 O'CLOCK.
At the hour designated there were seven
members OF the committee present. The
others were in the Senate, where this very
matter was under discussion.
The members present could therefore do |
nothing hut adjourn until tomorrow
morning, knowing we'll that q Saturday
afternoon session would be impossible. a.
II least five or six out OF the ten members
intended TO spend Sunday at home.
THE END NEAR.
60 the conference is adjourned until to- |
morrow morning..
There seems TO be hut bare chance that |
an agreement will be reached; or, il |
reached and brought TO the two houses OF |
the General Assembly bY vote Of six TO |
four. that il will be adopted.
Yesterday morning and in the Senate yes.
terday afternoon that he yet regarded the
situation as hopeful, and that rather than
have q breaking of Of negotiations while
there is ga chance OF success" he would |
commit himself and use his efforts in the
direction Of another extra session.
The fact is that members have long ago
drawn their last dollars pay. They got
tut Sls0, which was intended to represent
forty-fve days session. The forty i've days
Will be at an end on the Goth, aud by that
date. unless something not now foreseen
occurs. the two houses will have adjourned.
II will be practically impossible to detalu
The members here longer. Possibly they |
would stay little while il they could fix
upthis debt matter with entire satisfaction
hut nothing else would keep them here.
ASH is, instead Of q prospect Of 4 success
ful settlement, at least four members OF the
committee regard it as signay unfortunate
that negotiations, after having been closed
last Tuesday. were ever re6pened. These
four say that now there is fifth more than
half way with them in that view.
PROPOSITION.
The bopdholders' lsst proposition makes
q principal sum OF S30,000,090, including
the bonds due TO the sinking fund and lit
eraTy fund, &c, &C.; consols 10 be scaled
down TO % cents on the dollar; l0.40's TO
Cos; interest on the face-yalue at 3 per
cent.
Our committee object TO paying interest
on the face Of the bonds; they want to pay
3 per cent. on the scaled amount.
Ii is understood, however, that there
will be a new proposition on Monday
which will bring the eOnferreeS nearer to-
gtther than ever before.
In the Senate.
While Senator Heaton was advocating
his resolution, appropriatiDC $4,000 for
publishing and distributing the new Code,
Mr.. Rbea, OF Washington, asked hin TO |
suspend for a few minutes, 30 that be
(Rhta) might call up the special order,
which was bis joint resolution proposing |
an amendment 10 the Constitution. Mr..
Rbea said that he ouly wished TO introduce
a resolution in connection with the matter,
which could be disposed OF ia few
minutes. Dir. Heaton yielded the floor,
and the resolution and substitute proposed
by Mr.. Rhea few days ago were taken up. |
Mr. Rbea then introduced his resolution,
which provided that on Monday at
O'Clock the Senate will proceed 10 vote on
and either adopt or reject the resolutions.
Mr.. Causey moved 10 substitute the same
hour on Tuesday, which suggestion Mr..
Rhea accepted.
OPPOSED ID IT.
Dir. Wickham was in favor Of giving
sufficient time for the thorough considera-
ton and discussion OF this important ma
ter, and opposed fixing any limit OF time
before the subject was before the body.
He, therefore. hoped the resolution would
not be adopted.
Mr.. Koiner said he for one wanted the :
subject discussed in all Of its bearings, and I
be did not think ii would be the policy OF
the General Assembly or the senate to rush
through such a proposition without it,
being fairly considered
MIR. Rhea thought the gentleman from .
Augusta (MT. KoineT) and oil the members l
Of the bOOy would have sufficient lnforma- q
iioh within the period between then and 3 {
O'Clock Tuesday afternoon 10 decide noW
they would vote on the proposition. !
Mr.. koiner said he was not sure OF tina \
because the Senate had no iDfOrmltlOn on |
the ieci, not having been IN possession {
of n 2 proceedings and negotiations between /
our committee and the bOndhOlders' com. c
mission, aud he thought il would be time {
enough TO consider this matter when the :
commission is heard from. II
NEWSPAPERS RIGHT. 0
Mr.. Rbea suggested that IL the daily pa. :
pers had been read any one could see into =
The situation ana therc would be no DOUBT | .
about coming 10 a conclusion. :
Dir. Koiner did not care TO rely upon the ,
conflicting reports OF newspapers, but .
wanted The matter fairly and fully present. y
ed by the committee. :,
hr. Rhea said be had postponed the con- :.
side-ation OF the matter from time to time,
but he thought tie time had come when
the Senate should take action. He had no =
doubt that every SENATOR on the floor had =
decided one way or the other.
Mr.. Koiner thought the gentleman was
in error in supposing that they could vote
upon his proposition.
Dir. Coliraue could see no necessity for
spell Of fldgets." lie wanted the com 5
mittee. in whom he had all confidence. to il
have ample time for their deliberations. In ]
conclusion, be said: Don't undertake 10 a.
hurry them. and don't go on like We were Z
IN a hornets nest" fLaushterl.
IN TIE DOSDHoLDERs' POWER.
Mr.. Rhea said he was reminded OF what ~
he once heard distinguished statesman | =
ssy-"I am In favor Of giving time, but ~
not eternity" Mr.. Rhea said II was with "
some hesitation that he a. member Of the ~
debt committee discussed this subject on ~ y,